GOLD/SILVER
Gold prices recovered by Rs 40 to Rs 29,580 per 10 grams in the national capital today on global cues and pick up in demand from jewellers.

Silver followed suit and ended higher by Rs 150 to Rs 41,550 per kg on increased offtake by industrial units.

In the forex market, the rupee strengthened to 58.38 against the US dollar.

Gold in London, which normally sets price trend on the domestic front, rose 0.5 per cent to USD 1,300.40 an ounce.

In Delhi, gold of 99.9 and 99.5 per cent purity recovered by Rs 40 each to Rs 29,580 and Rs 29,380 per 10 grams, respectively. It had lost Rs 560 in last two sessions.

Sovereign, however, remained steady at Rs 24,900 per piece of eight grams.

Silver ready moved up by Rs 150 to Rs 41,550 per kg while weekly-based delivery held steady at Rs 41,200 per kg on lack of buying support. The white metal had lost Rs 1,000 in the past two days. Silver coins continued to be asked at last level of Rs 79,000 for buying and Rs 80,000 for selling of 100 pieces.

Base Metals & Energy

D A I L Y B U Z Z

NICKEL
Prices of nickel and copper rose by Rs 2 per kg at the local non-ferrous metals market today on buying by stockists amid firming global trend.

Traders said sentiment turned better after nickel climbed in the overseas markets on concern that supply would not meet demand this year.

Meanwhile, nickel for delivery in three months rose two per cent to USD 19,399 a tonne on the London Metal Exchange.

In the national capital, nickel (4x4) and copper mixed scrap moved up by Rs 2 each to Rs 1,096-1,097 and Rs 435 per kg, respectively.